Indian employees most optimistic on economy

Last updated on: December 27, 2012 10:09 IST

Indian employees most optimistic on economy

Indian employees most optimistic on economy in 2013 Indian employees are most optimistic about the country's economy as 83 per cent of the workforce believe that situation would improve in the New Year, says a survey.

According to the Randstad Workmonitor Survey 2012 - Wave 4 (October-December), 72 per cent of respondents in India said that the current economic situation is good while a higher 83 per cent of them believe that the economic situation would be better in 2013.In a sharp contrast, globally only 41 per cent felt that the economic situation was good.

"While the economic downturn continues globally, it is heartening to see that Indian employees are optimistic about the country's economic situation and their employer's stability," Randstad India MD and CEO E Balaji said.

India scored the highest on the current financial health of their organisation across the world, wherein 90 per cent said that their organisation is in good health, followed byChina (89 per cent).

Japan scored the least with only 40 per cent of employees believing their organisational performance was in good health.India also had the highest score on the belief about financial health of their organisation improving in 2013 with 92 per cent, followed by Hong Kong (86 per cent) and the least score in Greece at 32 per cent.

Meanwhile, there was a significant increase in workload for the employees as 2012 was a challenging year for both employees and companies.

87 per cent of employees stated that their workload has increased significantly in 2012 and 93 percent have indicated preference towards better work-life balance in 2013.

"Employers should take cognisance of this fact and address the work-life balance issue, to prevent disengaged employees. Also, this will help address attrition that islikely to increase when the job market picks up," he added.

The report further noted that India has the highest score on receiving a pay hike in the year 2012 (for the period 2011) with 83 per cent of the respondents surveyed having received a pay hike while the world average was only 55 per cent.

Hong Kong followed India with an 80 per cent score while Greece is the lowest with only 8 per cent of employees having received a hike.Amongst all countries surveyed, India continues to lead with the highest mobility index of 151.

This is in line with the findings that have emerged in the previous eleven quarterly surveys conducted since 2010.The mobility index is least in Luxembourg, Germany and the Netherlands indicating least employee churn.